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July 27, 2007
ICrossing lands $62M in funding led by Goldman Sachs.
Digital marketing company iCrossing has received $62M in funding from investment agency Goldman Sachs, along with additional investments from existing investors Oak Investment Partners, RRE Ventures and StarVest Partners L.P.
The company said it will "use the funds to support acquisitions and an organic growth strategy," in its announcement. It's been a busy buying year for iCrossing, which has acquired U.K. search and social media agency Spannerworks, Salt Lake City-based Sharp Analytics, and paid-search agency NewGate Internet. The company also launched a mobile unit and wooed Travelocity away from Range Online.
No specific word yet on what the company wants to do with its new cash infusion.
Posted by MatthewNelson at July 27, 2007 4:15 PM
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